Circle Launches New Feature for Crypto Novices

Circle App’s new “Buy the Market” feature distributes invested funds across seven cryptocurrencies.

Thu, 24/05/2018 - 5:15

Circle Launches New Feature for Crypto Novices

Cover image via U.Today

After securing a whopping $110 mln in funding from Bitmain China’s largest crypto miner, Circle launches feature allowing new crypto investors to distribute funds across seven cryptocurrencies through its Circle Invest app.

The app’s “Buy the Market” feature now allows users to invest in Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Zcash (ZEC) and Monero (XMR).

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Users do not decide on the allocation of investment themselves – instead, Circle Invest allocates percentages based on the current market cap of the assets, the company says.

About the author

Urvashi Verma

Urvashi Verma is a Chicago-based reporter who writes about the convergence of technology and business. She is interested in fintech, digital currencies, blockchain and currency markets. Urvashi formerly worked with the Times of Israel covering Israel's booming tech industry including Start-Up Nation, venture capital investment, and crowd-funding platforms.